Once-Mighty SGI Sold to Rackable for $25 Million — A collective shudder rippled through Silicon Valley on Wednesday morning, as Rackable Systems announced its purchase of Silicon Graphics Inc. for just $25 million in cash. — If you travel all the way back to 1997, SGI was pulling in close to $4 billion in revenue per year.

Silicon Graphics Sells to Rackable Systems — UPDATES to correct purchase price to $25 million, not $25 billion. — Silicon Graphics has agreed to be acquired by Rackable Systems for about $25 million in cash, a merger of convenience for the two data and storage companies.

Tracking Conficker: So far, it's a snoozer [Update] — It's already April 1 in Asia, where the plurality of infected Conficker PCs are apparently located. Early reports on the Windows computer worm, which was supposed to start looking at 500 Internet domains for new instructions, show that not much is happening initially.

Watch this space: No foolin' — We thought about running a harmless little April Fool's Day prank on the blog today. Maybe leak a hint about a hush-hush rumor that Palm would be merging with that pomegranate juice company (the new company would have the ticker symbol POM-PALM, with a cheerleader as our corporate mascot, natch).

MSI outs full specs of X-Slim X320 / X340 and Wind U123 — While MSI has been teasing its Wind U123 and X-Slim X320 / X340 laptops for a little while now, we've yet to see the full specifications for each rig laid out. Until now, of course. Over at CTIA in Vegas, the company is revealing …

Zoho Chat opens to Google, AIM, and more — Zoho, a company offering a wide range of low-cost web applications for productivity and business, is launching version 2.0 of its instant messaging client, Zoho Chat. The biggest change is both simple and absolutely crucial …

HTC Snap snaps to life, coming to US as S522 — Since the Excalibur and Cavalier, HTC's shown an unhealthy aversion for the immensely popular portrait QWERTY format — until now, that is, with the introduction of the rumored 12mm-thick HTC Snap. The Windows Mobile 6.1 Standard smartphone features …

Billion Dollar Charlie takes on the RIAA — Ars sits down with “Billion Dollar Charlie” Nesson, the Harvard Law professor who's taking on the RIAA in federal court. Winning his case would be great, but Nesson's thinking even bigger. He wants nothing less than a national …

Source: Major Veoh restructuring, layoffs tomorrow — Online video service Veoh is said to be undergoing a major restructuring tomorrow, a source close to the company tells me, that could include large layoffs and a potential change to its product strategy.

CTIA: RIM Launches BlackBerry App World — BlackBerry App World will be available on all BlackBerrys with track balls, including Pearls, Curves, Flips, Bolds, and 8800 series phones. — Research In Motion launched the official BlackBerry App World application store today …

Intel Nehalem Xeon Processor Could Hurt Server Sales — Intel's Nehalem Xeon processor launch could potentially make Intel a leader in the hardware virtualization space and spur more virtualization projects, but it's not likely to sell any more server hardware.

The Power of Less at Web 2.0 — The theme of this year's Web 2.0 Expo doesn't shy away from the fact that the economy looms large over the event. — “The Power of Less can mean how to get more done with fewer resources,” said conference co-chair Jennifer Pahlka.